Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk - Couverture souple

Shankar, Sriram

 
9783846597422: Estimating State-Contingent Technologies: Efficiency and Productivity Measurement In the Presence of Risk
Couverture souple
ISBN 10 : 3846597422 ISBN 13 : 9783846597422
Editeur : LAP LAMBERT Academic Publishing, 2011

Synopsis

Empirical application of state-contingent approach has proved difficult, not because this approach is intractable, but because in the state-contingent framework it is difficult to estimate the production technology in the face of endogenous producers responding to uncertainty. One of the important reasons for this difficulty is that most of data required for applying standard methods of estimation are lost in the potentially unrealized states of the world. We develop an econometric methodology in order to estimate state-contingent technologies. Furthermore, we demonstrate how our state-contingent model can be used to decompose output shortfalls into inefficiency and risk components. Finally, we apply our econometric estimation technique to Philippine rice data.

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Présentation de l'éditeur

Empirical application of state-contingent approach has proved difficult, not because this approach is intractable, but because in the state-contingent framework it is difficult to estimate the production technology in the face of endogenous producers responding to uncertainty. One of the important reasons for this difficulty is that most of data required for applying standard methods of estimation are lost in the potentially unrealized states of the world. We develop an econometric methodology in order to estimate state-contingent technologies. Furthermore, we demonstrate how our state-contingent model can be used to decompose output shortfalls into inefficiency and risk components. Finally, we apply our econometric estimation technique to Philippine rice data.

Biographie de l'auteur

The author has a strong background in economic theory, Econometrics, Mathematics, Statistics and Computer Science. He earned his B.Tech, ME and PhD degrees from NIT Calicut, IISc Bangalore and University of Queensland respectively. The author’s research interests include economics of uncertainty, economic measurement and Bayesian econometrics.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2011
Langue
anglais
ISBN 10 
3846597422
ISBN 13 
9783846597422
Reliure
Broché
Nombre de pages
256
Coordonnées du fabricant
non disponible
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